Saturday, September 29, 2007

Kwik Hits - #1

The average American family has $3,800 cash dollars in the bank ... no retirement account whatsoever ... owes $90,000 on their mortgage ... and owes $7,200 in credit card debt. The average American consumer is in "deep puckey" due to personal debt levels.

Consumer expenditures are currently running at 72% of Gross Domestic Product (GDP) .... that's 72%!!!!! This is a number that has never ever been reached at any time in modern history by any nation on the planet ... can you say economic unsustainability?

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